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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup
#XMRUSD
Total Profit: 25804 pip
Closed trade(s): 2080 pip Profit
Open trade(s): 23724 pip Profit

Trade Setup:
We opened 14 BUY trade(s) @ 50.70 based on 'Hammer' entry method at 2019.03.12.

Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 600 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1480 pip Profit.
600 + 1480 = 2080 pip

Open Profit:
Profit for one trade is 70.47(current price) - 50.70(open price) = 1977 pip
12 trade(s) still open, therefore total profit for open trade(s) is 1977 x 12 = 23724 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 56.70 is broken, we will close open trades.

DateMon, 04/08/2019 - 18:56
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 56.70, beginning of uptrend is expected.
  • We make sure when the resistance at 76.30 breaks.
  • If the support at 56.70 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 56.70 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 72.90 on 04/04/2019, so more losses to support(s) 65.50 and minimum to Major Support (56.70) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 69.

Take Profits:

  1. 56.70
  2. 65.50
  3. 76.30
  4. 88.65
  5. 100.00
  6. 114.85
  7. 137.95
  8. 149.10
  9. 168.70
  10. 230.10
  11. 298.90
  12. 372.35
  13. 447.10
Click on the level to view price action history.

Symbol Released Current Forecast
Monero (XMRUSD) new Tue, 16 Apr 2019
Monero (XMRUSD) free Mon, 8 Apr 2019
Monero (XMRUSD) free Sun, 24 Mar 2019
Monero (XMRUSD) free Sun, 17 Mar 2019
Monero (XMRUSD) free Mon, 11 Mar 2019